Aboki Naira to Dollar Black Market Exchange Rate Today, 24th October 2025
The Nigerian Naira showed resilience against the US Dollar in the parallel market on Friday, with black market operators, popularly known as “Aboki” traders, quoting the exchange rate at approximately ₦1,500 per Dollar for selling and ₦1,480 for buying.
This marks a marginal stabilization following minor fluctuations earlier in the week, as the Central Bank of Nigeria (CBN) continues efforts to bolster foreign exchange liquidity.
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According to real-time updates from Bureau de Change (BDC) operators in key cities like Lagos, Abuja, and Kano, the rate reflects a slight dip from Thursday’s average of ₦1,499 (selling) reported by parallel market sources.
Traders attribute the steadiness to ongoing CBN interventions, including the recent injection of $70 million into the forex market, which has helped narrow the gap between official and black market rates.
However, demand from importers and individuals remains high, keeping the parallel premium intact at around 20-25% above the official Investors and Exporters (I&E) window, where the Naira traded at ₦1,200-$1,250.
| Date | Black Market Selling Rate (₦/$) | Black Market Buying Rate (₦/$) | Change from Previous Day |
|---|---|---|---|
| Oct 22, 2025 | ₦1,500 | ₦1,480 | Stable |
| Oct 23, 2025 | ₦1,499 | ₦1,475 | -₦1 |
| Oct 24, 2025 | ₦1,500 | ₦1,480 | +₦1 |
Economists warn that while short-term measures like rate hikes and dollar sales provide relief, structural issues—such as Nigeria’s heavy reliance on oil exports and limited foreign inflows—could push the rate toward ₦1,600 by year-end if global oil prices dip further.
“The Naira’s vulnerability persists due to tight dollar liquidity,” noted a Vanguard analysis, highlighting how non-bank corporates now drive most inflows, up 24% in recent months per FMDQ data.
For businesses and travelers, the CBN urges using authorized channels to avoid scams prevalent in the informal sector. Parallel market activity, while convenient, carries risks amid the bank’s crackdown on unregulated forex trading.
As Nigeria navigates its economic reforms, all eyes remain on upcoming CBN policy meetings for signals of further support.
Stay tuned for updates as rates evolve throughout the day. For official rates, visit the CBN portal.
